Description
SEBI issues General Remittance Order in Recovery Certificate No.8506/2025 against Anil Kumar Sajjankumar Sharma in connection with Eros International Media Limited enforcement proceedings.
Summary
SEBI has issued a General Remittance Order dated 07.10.2025 under Recovery Certificate No.8506 of 2025 against Anil Kumar Sajjankumar Sharma (PAN: CBWPS6212F) in the matter of Eros International Media Limited. This order pertains to the recovery of dues as part of SEBI’s enforcement proceedings.
Key Points
- Recovery Certificate No.: 8506 of 2025
- Person Against Whom Order Issued: Anil Kumar Sajjankumar Sharma
- PAN: CBWPS6212F
- Related Company: Eros International Media Limited
- Order Type: General Remittance Order
- Date of Order: 07.10.2025
- This is part of SEBI’s enforcement and recovery proceedings
Regulatory Changes
No regulatory changes are introduced by this order. This is an enforcement action under existing SEBI regulations for recovery of outstanding dues.
Compliance Requirements
The General Remittance Order directs the recovery of specified amounts from Anil Kumar Sajjankumar Sharma. Compliance with the recovery order is mandatory, and failure to comply may result in further enforcement actions including attachment of assets, bank accounts, or other recovery measures as per SEBI’s recovery provisions.
Important Dates
- Order Date: 07.10.2025
- Recovery Certificate Number: 8506 of 2025
- Specific payment deadlines and compliance timelines would be mentioned in the detailed order
Impact Assessment
Market Impact: Medium - This order targets a specific individual in relation to Eros International Media Limited. While it represents enforcement action, the direct market impact is limited to the specific case.
Severity: High - Recovery certificates and remittance orders are serious enforcement mechanisms indicating non-compliance with SEBI orders or payment of penalties/dues.
Stakeholders Affected:
- Anil Kumar Sajjankumar Sharma (directly)
- Eros International Media Limited (indirectly, as the matter relates to this company)
- Investors in Eros International Media Limited (awareness of ongoing enforcement matters)
Implications: This order demonstrates SEBI’s continued enforcement of recovery proceedings against individuals who have outstanding dues. It serves as a reminder of regulatory consequences for non-compliance with SEBI orders and directives.
Impact Justification
General Remittance Order is an enforcement action for recovery of dues against an individual (Anil Kumar Sajjankumar Sharma) in relation to Eros International Media Limited. This represents ongoing enforcement proceedings but has limited direct market impact.